Source of BOSS Wallet data, today's price of Cardano ADA, the latest price of Cardano ADA broke through to $1.1046, an increase of 2.02%, and the transaction volume was $2.049 billion

From the analysis of the K-line chart, the current trend is oscillating. It is slightly higher than 13:00, slightly lower than 14:00, and lower than 12:00. When prices rise but trading volume decreases, it usually means that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence is usually caused by a lack of selling. In this context, prices may experience a correction or sideways movement in the future, as the price increase is difficult to sustain due to the lack of trading volume support. Investors should be wary of the risk of price decline at high levels and pay attention to whether trading volume can keep up with the price increase and whether there is new buying intervention.
Overbought condition, trading volume decreases, price rises. The Williams indicator indicates that it is currently an overbought period. Recent trading volume has decreased, trading volume has reduced compared to the previous few hours, price rises, and trading volume declines: upward momentum weakens.

Market upward momentum weakens, potential for a pullback or sideways movement,建议观望，待市场方向明确.

The above content is for reference only and does not constitute investment advice.